Alabama State Black Chamber of Commerce
Black Business Statistics
U.S. Census Bureau's 2007 Survey of Business Owners (completed June 2011) documents that since the last the Survey of business Owners (completed September 2006), Black-owned firms outpaced the growth of non-minority firms in gross receipts (53% Black-owned growth), employment (21%), and number of firms (60%). Black firms proved to be an engine of job creation, with paid employment growing by 21% from 754,000 to nearly 910,000 compared to a decrease in employment by 1% for non-minority firms.
Alabama was among the top ten states for African American-owned business growth in the U.S., ranking 4th with 98% growth over the survey period. African American-owned firms grew from 28,666 to 56,712. (CLICK HERE TO READ MORE).
3 Alabama firms made Black Enterprise magazine's list 2011 Top 100 largest Black-owned businesses and automotive firms. The firms were: # 24 Trillion Communications (Bessemer), #53 Tec-Masters (Huntsville), and #40 Lexus of Huntsville (Huntsville).
Sign Up for the 5 for 50 event